Back

USD/INR Price Analysis: 74 the figure eyed for the sesisons ahead

  • USD/INR bulls hunting down the 74.00 area. 
  • USD/INR is on the verge of a bullish breakout. 

USD/INR is headed towards the 74.00 level after breaking the prior resistance following a build-up for bids since the prior correction of the prior daily bullish impulse.

USD/INR daily chart

In reaching the target, a pullback could be expected to potentially test the 50% mean reversion and prior support. With that being said, a 38.2% Fibo retracement meets the prior daily highs that would be expected to act as a support in the first instance near 73.80. 

NZD/USD Price Analysis: Refreshes monthly low as bears attack 0.6980 support

NZD/USD bears keep reins while refreshing monthly low, around 0.6985, during the Asian session on Thursday. In doing so, the kiwi pair sellers jostle
Mehr darüber lesen Previous

Gold Price Forecast: XAU/USD drops further below $1,788 hurdle ahead of US PMI

Gold (XAU/USD) remains on the back foot for the second consecutive day, down 0.28% intraday around $1,763 during early Thursday. In doing so, the yell
Mehr darüber lesen Next